Today
-0.02%
5 Days
+0.57%
1 Month
-1.53%
6 Months
+1.59%
Year to Date
+2.30%
1 Year
+0.28%
Opening Price
11.024Previous Closing Price
11.024
The downside prevails as long as 11.0056 is resistance, with 10.9642 and 10.9555 as targets
above 11.0056, look for 11.0202 and 11.0289.
The downside prevails as long as 11.0056 is resistance, with 10.9642 and 10.9555 as targets
Nomura strategists highlight a downside surprise in Sweden’s October CPIF and CPIF ex-energy inflation.
Antje Praefcke at Commerzbank reports that the Riksbank raised its policy rate from 1.75% to 2.00% as expected and remains in restrictive mode, but the statement weakens the case for a December hike.
Nomura’s Global Markets Research team, led by Josie Anderson, George Buckley and Andrzej Szczepaniak, reviews the latest Riksbank decision to raise its policy rate to 2.00%.
Societe Generale notes the Riksbank’s 25bp hike to 2.0% and guidance for further tightening, keeping policy accommodative versus neutral. Updated projections imply more hikes through 2028, narrowing the differential with the ECB.
Nordea strategists concede their long‑standing positive view on the Swedish Krona (SEK) has not materialized and now adopt an agnostic stance. SEK has been hurt by Middle East‑related risk‑off flows, US tech outperformance, Riksbank policy lagging the ECB, and the "Scandie trade" favouring NOK. They say SEK strength requires lower Oil prices, easing inflation and lower global short rates.
ING’s Francesco Pesole highlights that EUR/SEK has fallen about 1.8% from its early-October high, helped by French fiscal concerns and prior short-term overvaluation. The pair is now seen as fairly valued, unlike cheap EUR/USD. With the Riksbank signalling readiness to hike in November and ECB expectations repriced dovishly, ING’s one-month EUR/SEK target is 11.15, with risks skewed to further downside.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
